Business - The Korea Times

Lotte speeds up unloading assets amid liquidity crisis rumors

Lotte’s car rental business and one of its four Busan department stores have been mentioned as the next assets that the conglomerate will unload, amid its all-out efforts to reassure investors about recent rumors that it would declare a moratorium next month due to a liquidity crisis.

Nov 24, 2024By Park Jae-hyuk

Lotte speeds up unloading assets amid liquidity crisis rumors

Lotte grapples with rumors about moratorium

Samsung ordered to pay $118 mil. for infringing Netlist patents

A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology for improving data processing in high-performance memory products.

Nov 24, 2024By Reuters

Samsung ordered to pay $118 mil. for infringing Netlist patents

Purme Foundation wins HD Hyundai's grand prize

HD Hyundai has presented the grand prize at its annual honorary awards, known as the HD Hyundai Honor Awards, to the Purme Foundation, recognizing the nonprofit for its 20 years of dedication to supporting the rehabilitation of people with disabilities, the company said Sunday.

Nov 24, 2024By Lee Min-hyung

Purme Foundation wins HD Hyundai's grand prize

LG Energy Solution aims for circular energy business

LG Energy Solution (LGES) aims to be recognized as a key player at the heart of the global circular energy ecosystem, rather than just a battery manufacturer.

Nov 24, 2024

LG Energy Solution aims for circular energy business

Charcoal briquettes for neighbors in need

LX Pantos CEO Lee Yong-ho, fourth from right, delivers charcoal briquettes with the logistics firm's employees to residents of Guryong Village in Seoul, Friday. The company said Sunday that it designated Nov. 22 as its annual Volunteer Day as part of its corporate social responsibility. Its employees also helped older adults living alone to purchase winter items at Gwangjang Market, picked up litter near Mount Inwang and donated blood. Courtesy of LX Pantos

Nov 24, 2024By Park Jae-hyuk

Charcoal briquettes for neighbors in need

LH to introduce noise-proof apartments for public housing

Korea Land & Housing Corp. (LH) is realizing its mission to introduce noise-proof apartment units to residents in the country as noise disturbances caused by neighboring residents in an apartment or residential building — sometimes causing conflicts that lead to fatal casualties — has been a chronic issue, according to the state-run public housing provider, Thursday.

Nov 24, 2024By Ko Dong-hwan

LH to introduce noise-proof apartments for public housing

LG Corp. to cancel W500 bil. of own shares by 2026 to enhance corporate value

LG Corp., the holding company of LG Group, said Friday it will cancel its own shares worth 500 billion won ($356.8 million) by 2026 as part of a corporate value enhancement program.

Nov 22, 2024By Yonhap

LG Corp. to cancel W500 bil. of own shares by 2026 to enhance corporate value

CJ CheilJedang, Daesang open food plants in US, Hungary

CJ CheilJedang, Daesang and Ottogi are expanding their manufacturing bases outside of Korea to strengthen supplies for local markets abroad and to maintain their export momentum, driven by the global popularity of K-food, the country's major food companies said on Friday.

Nov 22, 2024By Ko Dong-hwan

CJ CheilJedang, Daesang open food plants in US, Hungary

POSCO, Samsung struggle in labor negotiations with respective unions

POSCO and Samsung Electronics are struggling with protracted collective bargaining negotiations with their respective labor unions, adding greater downside risks to their efforts to navigate growing uncertainties.

Nov 22, 2024By Nam Hyun-woo

POSCO, Samsung struggle in labor negotiations with respective unions

POSCO union votes to proceed with strike

Hanwha drops complaints against HHI over KDDX project

The legal battle between Korea’s two major shipbuilders over the Republic of Korea Navy’s 7.8 trillion won ($5.6 billion) KDDX next-generation destroyer project came to a halt on Friday, as Hanwha Ocean withdrew its complaint against HD Hyundai Heavy Industries (HD HHI).